Agricultural Manufacturer AGCO Hit by Ransomware

US agricultural tools producer AGCO has been hit by a ransomware attack, disrupting its functions in the course of the critical planting season.

The enterprise verified the attack in a statement on Friday May well 6, which it admitted will effects its functions “for many times and probably more time.”

AGCO did not identify the services impacted or regardless of whether any data was stolen and said it was presently investigating the incident.

There is also at the moment no sign as to the identification of the attackers.

AGCO’s statement browse: “AGCO, Your Agriculture Business (NYSE:AGCO), a around the globe producer and distributor of agricultural gear, declared now that on May 5, 2022, it was subject to a ransomware attack that has impacted some of its output facilities. AGCO is continue to investigating the extent of the attack, but it is expected that its business enterprise operations will be adversely afflicted for numerous times and likely longer to entirely resume all companies, dependent upon how speedily the enterprise is equipped to maintenance its units. The corporation will give updates as the predicament progresses.”

Reuters reported that the attack experienced led to tractor revenue stalling in the course of a critical time period in the year for the agricultural industry. It quoted Tim Brannon, president and proprietor of B&G Devices Inc in Tennessee, who mentioned: “We just have to rely on that it will be around as before long as probable mainly because we are coming into our busiest time of the year and it will be extremely harmful to our business enterprise and buyers.”

Past yr noticed a further big ransomware attack in opposition to the US’ agricultural sector, with grain producer New Cooperative allegedly hit by a $5.9m ransom demand.

Some elements of this article are sourced from:
www.infosecurity-magazine.com